Benz Mining (ASX:BNZ) is set for a "transformational' year with strong catalysts in the first half of the fiscal year, including the completion of its deal with Spartan Resources (ASX:SPR), Euroz Hartleys said in a Wednesday note.
The company said Tuesday it completed the acquisition of the Glenburgh and Mt Egerton gold projects in Western Australia from Spartan Resources.
Euroz Hartleys sees high-grade potential in the Glenburgh project, with many of the high-grade shoots under-drilled and opened at depth.
The appointment of Mark Lynch-Staunton as CEO will support the company's growth, Euroz Hartleys added.
Euroz Hartleys maintained a speculative buy rating and a price target of AU$0.60 on the stock.
Shares of Benz Mining rose past 13% at market close Wednesday.
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